Netflix (NASDAQ:NFLX) PT Raised to $550.00 at Barclays

Netflix (NASDAQ:NFLX) had its price target upped by investment analysts at Barclays from $420.00 to $550.00 in a research note issued on Tuesday, The Fly reports. The firm currently has an “overweight” rating on the Internet television network’s stock. Barclays‘s target price would suggest a potential upside of 4.66% from the company’s current price.

NFLX has been the subject of a number of other research reports. Goldman Sachs Group restated a “buy” rating and issued a $670.00 price target (up previously from $540.00) on shares of Netflix in a research report on Friday. Oppenheimer raised their price target on Netflix from $400.00 to $480.00 in a research report on Wednesday, April 22nd. Deutsche Bank raised their price target on Netflix from $400.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Imperial Capital raised their price target on Netflix from $485.00 to $489.00 and gave the company an “outperform” rating in a research report on Thursday, June 18th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $520.00 price objective on shares of Netflix in a research report on Friday. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty-seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $458.55.

Netflix stock opened at $525.50 on Tuesday. Netflix has a one year low of $252.28 and a one year high of $575.37. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.82 and a current ratio of 0.82. The business has a fifty day moving average of $450.60 and a two-hundred day moving average of $392.94. The company has a market cap of $231.11 billion, a P/E ratio of 106.38, a price-to-earnings-growth ratio of 2.84 and a beta of 0.96.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, April 21st. The Internet television network reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.07). Netflix had a net margin of 10.43% and a return on equity of 30.83%. The firm had revenue of $5.77 billion during the quarter, compared to analysts’ expectations of $5.75 billion. During the same quarter in the prior year, the business earned $0.76 EPS. The company’s quarterly revenue was up 27.6% compared to the same quarter last year. Sell-side analysts predict that Netflix will post 6.44 EPS for the current year.

In other Netflix news, Director Jay C. Hoag sold 3,789 shares of Netflix stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $418.64, for a total transaction of $1,586,226.96. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Gregory K. Peters sold 9,691 shares of Netflix stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $538.32, for a total value of $5,216,859.12. Following the sale, the insider now owns 18,253 shares in the company, valued at $9,825,954.96. The disclosure for this sale can be found here. Insiders have sold a total of 202,346 shares of company stock worth $92,098,708 over the last three months. 3.40% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Ameritas Investment Company LLC increased its holdings in Netflix by 176,141.7% during the 4th quarter. Ameritas Investment Company LLC now owns 21,149 shares of the Internet television network’s stock worth $6,843,000 after purchasing an additional 21,137 shares during the last quarter. Chesley Taft & Associates LLC bought a new stake in shares of Netflix in the 2nd quarter valued at approximately $219,000. Consolidated Capital Management LLC increased its holdings in shares of Netflix by 6.5% in the 1st quarter. Consolidated Capital Management LLC now owns 13,930 shares of the Internet television network’s stock valued at $5,231,000 after acquiring an additional 846 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Netflix by 2.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 78,336 shares of the Internet television network’s stock valued at $35,646,000 after acquiring an additional 1,814 shares during the last quarter. Finally, Banque Cantonale Vaudoise increased its holdings in shares of Netflix by 27.5% in the 1st quarter. Banque Cantonale Vaudoise now owns 7,685 shares of the Internet television network’s stock valued at $2,887,000 after acquiring an additional 1,659 shares during the last quarter. Institutional investors own 82.30% of the company’s stock.

Netflix Company Profile

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

Featured Story: Does a trade war provide a risk to the global economy?

The Fly

Analyst Recommendations for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.